Bernank: Fed could Purchase Longer-Term Treasury or Agency Debt
Which means they Fed will print money to buy or debt and charge us interest for doing so.
Bernank: Swap Lines Pose No Credit Risk
Yeah free money, we heard that one before.
Bernank: Fed Liquidity Programs Have Failed to Return Private Credit Markets to Normal
Fed failed. End the Fed.
Bernank: Market Itslef Must Ultimately Address Financial Problems
So please get out of it's way and stop messing with it.
Bernank: Govt "Intervention is Necessary to Protect the Public Interest"
Please do not do us anymore favors!
Full story:
http://forextradinglife.com/fed-policy-failed